eSecurity Planet

JULY 8, 2022

But it also requires software to orchestrate data movement, backup and restore technology to ensure a current copy of data is available, and the ability to recover systems and data rapidly. This type of backup and DR technology offers RPOs measured in hours. See the Best Backup Solutions for Ransomware Protection.

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Backups Ransomware Technology Marketing 142

Security Affairs

FEBRUARY 21, 2023

For those who have cyber insurance against ransomware attacks. Insurance companies require you to keep your insurance information secret, this is to never pay the maximum amount specified in the contract or to pay nothing at all, disrupting negotiations. Very important! reads the ransom note.

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Insurance Ransomware Cyber Insurance Malware 98

Malwarebytes

NOVEMBER 15, 2023

Despite Hunters International’s denial, claiming they are a distinct entity that purchased Hive’s source code, the overlap in their malware’s coding and functionality suggests a direct lineage from Hive. Use endpoint security software that can prevent exploits and malware used to deliver ransomware. Detect intrusions.

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Ransomware Education Backups Cyber Insurance 120

eSecurity Planet

FEBRUARY 16, 2021

” Ransomware is pretty simple: malware is installed covertly on a system and executes a cryptovirology attack that locks or encrypts valuable files on the network. This is especially true for your existing intrusion detection and prevention system (IDPS), antivirus, and anti-malware. Offline Backups. Screenshot example.

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Ransomware Backups Software Encryption 97

Digital Shadows

NOVEMBER 26, 2024

“SocGholish” and “LummaC2” are the most frequently observed malware in customer incidents. Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance.

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Cyber Attacks Phishing Ransomware Cyber Insurance 59

Security Affairs

JUNE 18, 2024

In some cases, attackers are even leveraging the threat of regulatory actions or causing cyber insurance policies to be rendered moot by reporting lapses in security on the part of the victim to regulators and insurers. The indirect costs of ransomware attacks are often even more damaging.

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Ransomware Cryptocurrency Insurance Cybercrime 140

eSecurity Planet

APRIL 6, 2023

Ransomware is a type of malicious program, or malware, that encrypts files, documents and images on a computer or server so that users cannot access the data. The victim is sent an email with an attachment, and once they click on the link, the malware file downloads. The developer has fewer risks, and the buyer does all of the work.

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Ransomware Backups Encryption Malware 98

SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. Having basic cyber hygiene Advanced technology is important, but basics like regular data backups, software updates, strong password policies, and multi-factor authentication are fundamental.

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Cybersecurity Backups Cyber threats Software 104

Malwarebytes

JULY 27, 2022

A solution that provides options for file recovery (in case something does get encrypted) Finally, these features are valuable for detecting and thwarting all malware , not just ransomware: Exploit prevention Behavioral detection of never-before-seen malware Malicious website blocking Brute force protection.

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Ransomware Backups Penetration Testing Cyber Insurance 87

Digital Shadows

OCTOBER 14, 2024

English-speaking countries, particularly the US, UK, Canada, and Australia, have well-developed insurance markets and higher cybersecurity awareness, resulting in higher ransomware insurance adoption. However, some cyber insurance policies explicitly forbid ransom payments.

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Ransomware Social Engineering Insurance Cyber Insurance 94

Thales Cloud Protection & Licensing

AUGUST 11, 2021

Ransomware campaigns such as WannaCry and Petya attacks made this malware type a top threat to all organizations worldwide. Cyber crooks are getting more sophisticated and IT professionals have tough times struggling to detect and block malicious interventions at early stages. Ransomware incidents covered by cyber insurance policies.

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Ransomware Insurance Encryption Cyber Insurance 71

Cytelligence

JANUARY 27, 2020

Cybercriminals or threat actors release a kind of malware which enters a computer system or network through fraudulent means and locks down files from access by encrypting them until a demanded ransom is paid to hackers in return for a decryption key. Effectiveness of data backup strategies. What is Ransomware? Ransomware in 2019 .

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Ransomware Cyber Insurance Insurance Encryption 53

Pen Test

OCTOBER 10, 2023

The basic attack involves malware that encrypts important files, databases, systems, and more, paralyzing business operations. Sopra Steria - One of the Largest Reported Ransoms Europe's major IT services firm Sopra Steria was breached in October 2020 by the Ryuk gang, with extensive backups preventing major disruption.

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Ransomware Backups Insurance Cyber Insurance 52

Spinone

DECEMBER 8, 2016

What is G Suite Security Insurance? G Suite security insurance removes and mitigates major risks of malware attacks and imposes those on the insurance company. Additionally, many cyber liability insurance providers struggle to put a price on high-value company assets, or are reluctant to cover them in the first place.

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Insurance Small Business Backups Cyber Insurance 40

Digital Shadows

JANUARY 14, 2025

Take Action Preparing for novel malware is challenging, but focusing on security fundamentals is key. Implement and regularly review immutable backups to protect critical data from tampering or deletion. Test these backups frequently and store them offline or on a separate network to ensure quick recovery during a ransomware attack.

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Ransomware Social Engineering Phishing VPN 126

Malwarebytes

OCTOBER 19, 2022

Every criminal or piece of malware that finds a way on to one of your computers is constrained by a set of rights. Make offsite, offline backups. To make this possible you’ll need comprehensive, recently tested, backups that are both offline and offsite, beyond the reach of your attackers.

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Passwords Ransomware Backups Cyber Insurance 88

NetSpi Executives

APRIL 27, 2024

Ransomware, a definition Ransomware is a set of malware technologies, hacking techniques, and social engineering tactics that cybercriminals use to cause harm, breach data, and render data unusable. Step 4: Attackers use malware and exploits off-the-shelf or customize the tools to create ransomware variants and new techniques.

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Ransomware Cyber Insurance Backups Insurance 52

Centraleyes

JUNE 11, 2024

Application whitelisting should complement signed software execution policies to restrict the execution of unsigned software and mitigate the risk of malware infiltration. Encrypt and securely store backups offsite to protect critical data from unauthorized access or tampering.

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Risk Cyber Insurance Insurance Authentication 52

Security Boulevard

JUNE 2, 2022

Prepare for the worst with cyber insurance, a data backup plan, and a response plan as part of your overall business continuity and disaster recovery program. Apply software security patches and conduct regular security awareness employee training to reduce vulnerabilities that can be exploited by cybercriminals.

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Ransomware Architecture Manufacturing Encryption 105

Spinone

OCTOBER 13, 2020

First, why is ransomware the fastest growing malware threat? Why Ransomware is the Fastest Growing Malware Threat Since 2016, over 4,000 ransomware attacks have occurred daily. As is often the case, the cost of restoring files from backups can amount to more than paying the ransom. Backups aren’t working.

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Ransomware Backups Data breaches Encryption 52

SC Magazine

FEBRUARY 25, 2021

Later that year, Russia-linked hackers launched NotPetya, file wiping malware disguised as ransomware that caused billions of dollars in damage globally. It’s a little blunt to be a solution,” said Mike McNerney, chief operating officer of Resilience, which provides cyber insurance, and a former policy adviser to the Department of Defense.

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Ransomware Insurance Government Cryptocurrency 104

Digital Shadows

NOVEMBER 26, 2024

“SocGholish” and “LummaC2” are the most frequently observed malware in customer incidents. Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

IT Security Guru

FEBRUARY 28, 2023

Cyber insurers are losing money. Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyber risk a potentially uninsurable area due to falling profitability.

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Cyber Insurance Insurance Marketing Cyber Attacks 131

Centraleyes

MARCH 19, 2024

An effective IRP ensures swift and informed action, from data breaches to malware attacks. Key benefits include shorter downtimes, reduced recovery costs, lower cyber insurance, and fewer fines in heavily regulated sectors. Test Backup and Restore Capabilities: Assess the backup and restore capabilities outlined in the DRP.

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Risk Backups Technology Cyber threats 52

eSecurity Planet

OCTOBER 5, 2021

An organization must: Prepare a good backup policy and procedure. Paying for internal assessments and penetration tests by a third party can provide fresh thinking and a level of assurance for stakeholders such as customers, the board of directors, and the insurance company that wrote our cyber insurance policy.

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Ransomware Backups Insurance Cyber Insurance 132

SC Magazine

FEBRUARY 24, 2021

But the season-four episode “Decrypt” did capture many of the key elements that play into an attack scenario, including incident response, the role of cyber insurance agencies, and the ethics of paying. SC Media asked two cyber experts with health care experience for their own take on which parts of the episode – written by Thomas L.

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Ransomware Backups Insurance Cyber Insurance 94

Schneier on Security

FEBRUARY 28, 2024

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017.

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Cisco Security

MARCH 22, 2022

Run very good anti-malware continuously, and make sure all systems are patched and updated continuously. Backup all critical data at least daily. Cyber insurance is not the answer! Reduce the attack surface and manage the endpoints. Build out a Zero Trust Architecture (ZTA), and adopt a “Zero Trust or Bust”.

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SecureWorld News

MARCH 5, 2025

The impact will be felt well beyond the involved countries of Canada, USA, Mexico, and China," said Kenrick Bagnall , Founder, KONCYBER & RB-Cyber Assurance; Royal Candian Mounted Police (RCMP) Contractor/Instructor; Toronto Police Service (Cybercrime Unit) (Ret.). " The biggest danger is making rushed choices.

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Cyber Risk Risk Small Business Cyber Insurance 122

Krebs on Security

MARCH 4, 2022

Conti sought out these tools both for continuous testing (to see how many products detected their malware as bad), but also for their own internal security. But if you have information about their cyber insurance and maybe they have a lot of money in their account, I need a bank payout, then I can bargain.

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Ransomware Insurance Cyber Insurance Accountability 241

Adam Levin

MARCH 2, 2020

While the sophistication and methods of attack may vary, the short answer is that ransomware is a type of malware that encrypts critical data on a computer or computer network so that users can’t regain access without paying a “ransom.” If your company already has cyber insurance coverage, consider increasing it.

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Cyber threats Ransomware Encryption Insurance 215